Lockheed Martin Reports Strong Q1 Earnings, Shares Rise 3.5%

Lockheed Martin reported stronger-than-expected first-quarter earnings, with earnings per share of $7.28 and sales of $17.96 billion, both surpassing analyst estimates. The company's stock rose over 3% in premarket trading following the results and the reaffirmation of its full-year financial guidance. Growth was recorded across three of its four business segments, particularly in aeronautics, missiles and fire control, and rotary and mission systems, while the space division saw a slight decline. The company maintained its sales and earnings forecasts for 2025, citing steady demand for its missile systems and fighter jets amid ongoing global conflicts. Experts suggest that a higher U.S. defense budget and eased export rules could further benefit Lockheed and other contractors. Lockheed's leadership expressed confidence in meeting future guidance despite a complex geopolitical environment.